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German gov is about to get it - btc LN - rekt!
> *German Bundestag: Bitcoin (BTC) is counterfeit money!*
>On Monday , the German Bundestag announced that Bitcoin and other "on-the-market crypto-tokens" are not fulfilling the classical functions of money and are therefore counterfeit money. These classic functions are:
>
> Exchange and payment
> Store of value
> computer unit
>
> Crypto currencies would not be good as a means of exchange and payment since the transaction volume handled with crypto-tokens is very small compared to national currencies such as the euro or the dollar, according to the logic.
>
> As a store of value, the currencies would not be suitable because they were exposed to strong price fluctuations. But above all, the criticism refers to Libra:
>
> "From the point of view of the Federal Government, it must be ensured that stable coins do not establish themselves as an alternative to state currencies and thus call into question the existing monetary system."
>
> Recently, the finance ministry under Olaf Scholz expressed concern that anonymised cryptocurrencies in the Darknet are on the rise. Especially before the Privacy Coin Monero (XMR) was warned. This could develop on the dark sides of the Internet to a "real alternative to Bitcoin". The ministry also fears that so far not anonymous coins could get a greater anonymity built.
https://www.coinkurier.de/deutscher-bundestag-bitcoin-btc-ist-falschgeld/
> *German Bundestag: Bitcoin (BTC) is counterfeit money!*
>On Monday , the German Bundestag announced that Bitcoin and other "on-the-market crypto-tokens" are not fulfilling the classical functions of money and are therefore counterfeit money. These classic functions are:
>
> Exchange and payment
> Store of value
> computer unit
>
> Crypto currencies would not be good as a means of exchange and payment since the transaction volume handled with crypto-tokens is very small compared to national currencies such as the euro or the dollar, according to the logic.
>
> As a store of value, the currencies would not be suitable because they were exposed to strong price fluctuations. But above all, the criticism refers to Libra:
>
> "From the point of view of the Federal Government, it must be ensured that stable coins do not establish themselves as an alternative to state currencies and thus call into question the existing monetary system."
>
> Recently, the finance ministry under Olaf Scholz expressed concern that anonymised cryptocurrencies in the Darknet are on the rise. Especially before the Privacy Coin Monero (XMR) was warned. This could develop on the dark sides of the Internet to a "real alternative to Bitcoin". The ministry also fears that so far not anonymous coins could get a greater anonymity built.
https://www.coinkurier.de/deutscher-bundestag-bitcoin-btc-ist-falschgeld/
The very same applies to BSV.
